In a In a major blow to Russia’s wealthiest businessmen, President Vladimir Putin signed a decree over the weekend requiring Russian companies to delist from foreign stock exchanges.
Vladimir Putin, Russia’s richest man, will now have to adjust the ownership structure of his businesses, Bloomberg reported.
That means Russian billionaires who own foreign-listed companies won’t be able to collect foreign-currency dividends from depository receipts.
Trading in foreign currency depository receipts is also due to cease within days, although the New York Stock Exchange, NASDAQ, the London Stock Exchange and others have already frozen Russian stocks after Putin launched his war against Ukraine in February.
The foreign listing ban is the latest blow to Russian billionaires, who have already been targeted by Western sanctions as well as Moscow’s own capital controls that restrict the ability to move money abroad.
Fiber Shopa real estate investment trust specializing in shopping centers, contracted a line of credit for 1.8 billion pesos (90.8 million dollars), which it will use to refinance a bond due to expire in July.
The line of credit has a term of up to five years and is in the closing process, the trust said, adding that it will use those resources to refinance in advance the issuance of real estate trust certificates with the ticker symbol FSHOP 17, with a face value of 1.4 billion pesos (70.6 million dollars) and a maturity date of July 19.
As part of the financing, the company will seek to establish sustainability conditions with the incorporation of indicators and goals validated by a third party through a sustainable agent.
the automotive Japan, Nissan, presented a prototype plant for the production of laminated solid-state batteries in Japan, which the automaker intends to launch on the market in 2028.
Nissan said the construction of this plant is in line with its plans to launch a self-developed solid-state battery electric vehicle by fiscal 2028.
Nissan plans to establish a pilot production line at its Yokohama plant during fiscal year 2024, in which materials, design and manufacturing processes will be studied for prototype production on the line.
The Japanese automaker hopes to use solid-state batteries in a wide range of its vehicle segments, including pick-ups, providing much more competitive electric vehicles.
Although of the volatile environment for the world’s stock markets, Grupo Bolsa Mexicana de Valores closed the first quarter of the year with growth in its main indicators.
Its net income increased 26%, to 479 million pesos, in the first quarter of 2022 compared to the same period in 2021.
The issuer’s income grew 17% in the first three months of the year, which amounted to 1,150 million pesos, due to higher income in transactional businesses and new clients in information services.
The company’s operating flow (EBITDA) also closed with increases, increasing 30%, to 757 million pesos, in the comparison period.